Jan 28, 2013 5:00pm EST
states. >> mr. blount, how does it fit into the political equal when you see foreign countries making cars in the u.s. how much between a rock and a hard place do you think president obama is there and how much -- is that important at all? >> well, actually, if you want to encourage foreign direct investment in the united states, you ought to be concerned about this. obviously the appropriately valued yen can cause them to place production where their sales occur, like in the united states and other markets. you ought to be concerned if you want to see that sort of foreign direct investment to continue. certainly it has an impact. they're exporting half of their product. that's not a sustainable model unless you do so at the expense of other nations. >> what is an appropriately valued yen? >> well, it should be set by the marketplace. and it shouldn't be set by these efforts to devalue it. really to get a trade advantage, which is what's occurring today. >> okay. governor, we're going to leave it there. appreciate your time. fascinating topic. governor blount. >> i would just say, he'
Jan 31, 2013 6:00am EST
for sure. >> you're not going to get political. but it's never in my view been about that. it was about obama care in the first term and about climate change in the second term. and gun control, immigration. it's not about jobs. i don't -- >> two of the biggest industries, auto and it's coming back. housing. residential seems to be coming back. but you look at all the builders had a great report, becky the other day when they were on talking about it. >> it was down for so long so there's going to be a bounce back. no question about it. look three months ago all we were talking about what's happening in washington, how that's going to impact the economy we're talking about the election. and now, you know, if the administration -- and how business feels about it. now everybody forgets about that. it's just looking at numbers and that. you still haven't answered the question, what this administration's going to do to really make business feel good. >> i don't hear about the corporate tax reform anymore. >> that's off the table. so many things fell off the table. >> wait a minute, the fina